Thursday, December 25, 2014

The Subtle Slavery of Obamacare

Similar to automobiles, housing and higher education, ultimately the price of any expensive product (in this case health sick care insurance) is based upon who is paying (in part or in full) and how easily it can be financed and/or subsidized. When expensive items are easily financed at favorable terms or subsidized/fully paid for by others, there is little incentive to hold prices down because ‘price’ is no longer a critical barrier to entry for the purchaser. As well, if you distort and distribute the price paid among several parties and no one feels responsible to hold the line, another incentive to keep prices manageable is lost or ignored.

http://www.zerohedge.com/news/2014-12-23/subtle-slavery-obamacare

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